India's economic engine is revving up, but navigating the global headwinds requires sharp strategy. The rupee's recent volatility against the dollar underscores the complexities facing Indian businesses, impacting everything from import-export trade to domestic inflation. This week alone, we've seen significant shifts in the IT sector, with major players announcing restructuring and a renewed focus on AI-driven solutions. Meanwhile, the burgeoning startup ecosystem continues to attract substantial funding, despite a cautious global investor sentiment. The government's recent policy announcements on infrastructure development and digitalization are poised to further shape the business landscape, creating both opportunities and challenges for entrepreneurs and established corporations alike. Understanding these market dynamics is crucial for success in today's rapidly evolving Indian economy. Stay informed with Abtak.com for the latest insights and analysis on key sectors including finance, manufacturing, and technology – empowering your business decisions in a dynamic market. Explore the complete business news section now to stay ahead of the curve.
NEW DELHI: Antique Stock Broking on Tuesday initiated coverage on Adani Power Limited (APL) with a 'Buy' rating, setting a target price of Rs 187 per share. With the stock currently trading around Rs 144, the brokerage sees an upside potential of about 30 per cent, driven by strong earnings visibility, large capacity expansion plans and improving balance sheet strength. In its report, Antique said Adani Power is entering a multi-year earnings upcycle, supported by a sharp increase in capacity and rising power demand in India.
New Delhi, Jan 12 (IANS) The Adani Group has announced a planned investment of Rs 60,000 crore to expand the group's power plants in Raipur, Korba, and Raigarh in Chhattisgarh. The Chief Minister's Office on Sunday posted on X the details of the meeting and the planned investment. The CMO also posted pictures of the meeting. "In a meeting with the Honourable Chief Minister of Chhattisgarh, Shri Vishnu Deo Sai, Gautam Adani, Chairman of the Adani Group, announced a planned investment of ₹60,000 crore to expand the group's power plants in Raipur, Korba, and Raigarh," the CMO's post said. The ...Read More >
Patna: Four private power companies -- Adani Power, JSW Energy, Torrent Power and Bajaj Group's Lalitpur Power -- have shown interest in setting up a 2,400-MW thermal power plant at Pirpainti in Bihar's Bhagalpur district, an energy department official said here on Friday. It will be first private sector investment -- a whopping Rs 21,400 crore -- in power sector in Bihar. Under the project, three plants -- each of 800-MW capacity -- will be set up at Pirpainti as part of Tariff-based Competitive Bidding (TBCB) process, for which Bihar State Power Generation Company Limited (BSPGCL), Patna, wi ...Read More >
Mumbai, September 8: The Indian equity indices ended the session slightly up on Monday, amid buying in auto and metal stocks. The domestic indices soared high in the early trade, boosted by the GST reforms announcement, optimism around the ease in India-US relationship, and the rate cut announced by major Indian automakers. However, the indices lost most of their gains in the last trading hours due to a sell-off in IT heavyweights and profit booking. Sensex closed at 80,787.30, up 76.54 points or 0.09 per cent. The 30-share index opened the session with a decent gap-up at 80,904.40 against th ...Read More >
New Delhi, Dec 16 (SocialNews.XYZ) Antique Stock Broking on Tuesday initiated coverage on Adani Power Limited (APL) with a 'Buy' rating, setting a target price of Rs 187 per share. With the stock currently trading around Rs 144, the brokerage sees an upside potential of about 30 per cent, driven by strong earnings visibility, large capacity expansion plans and improving balance sheet strength. In its report, Antique said Adani Power is entering a multi-year earnings upcycle, supported by a sharp increase in capacity and rising power demand in India. The company plans to expand its installed ...Read More >
New Delhi, April 3 (SocialNews.XYZ) Gautam Adani, Chairman of the Adani Group, met Uttar Pradesh Chief Minister Yogi Adityanath, and emphasised the Adani Group's investments in the state across sectors like power, defence, airports and logistics, among others. "Some visions reshape nations. Hearing Chief Minister @myogiadityanath lay out the roadmap for Viksit Uttar Pradesh was an unforgettable moment," Gautam Adani posted on X. "A $1 trillion economy by 2030. $6 trillion by 2047. This is a declaration of what UP is capable of becoming," the billionaire industrialist added. He further state ...Read More >
New Delhi, Aug 28 (PTI) Power Mech Projects on Thursday said that it has secured an order worth Rs 370.84 crore from Adani Power arm Mahan Energen for the execution of civil works at the Mahan Phase-III project in Singrauli, Madhya Pradesh. Mahan Energen Ltd was formerly known as Essar Power M P Ltd. The scope of work includes the execution of civil works and erection of prefabricated structural steel for BTG (boiler turbine generator) units 1and 2, the main powerhouse, central control building, ESP, FGD and limestone handling system, switchyard, and other ancillary works for Mahan PHASE III ...Read More >
New Delhi, Sep 13 (PTI) Adani Power on Saturday said it will set up a 2,400 MW ultra super-critical power plant in Bihar at an investment of USD 3 billion (around Rs 26,482 crore). The Adani group company, in a statement, said that it has signed a 25-year Power Supply Agreement (PSA) with Bihar State Power Generation Company Ltd. (BSPGCL) to supply power from the project that will come up at Pirpainti in Bhagalpur district of the state. The PPA is further to the Letter of Award issued by BSPGCL to Adani Power, on behalf of North Bihar Power Distribution Company Ltd (NBPDCL) and South Bihar P ...Read More >
New Delhi, Jul 6 (PTI) Billionaire Gautam Adani-led group's flagship firm on Sunday announced a Rs 1,000 crore NCD issue offering up to 9.30 per cent per annum. The issue opens on Wednesday, July 9, 2025, and closes on July 22, a company statement said. It offers an effective yield of up to 9.30 per cent per annum. This is Adani Enterprises' second public issuance of secured, rated, listed redeemable, non-convertible debentures. "The second public issuance of NCDs by AEL, further deepens our commitment to inclusive capital markets growth and retail participation in long-term infrastructure ...Read More >
New Delhi: The country's largest carmaker Maruti Suzuki has announced the rollout of its first made-in-India electric vehicle - the e-Vitara SUV - in a major boost to the green segment from its upgraded Gujarat plant, which is now set to become one of the world's largest automotive manufacturing hubs with a projected annual capacity of one million units. Crucially, this facility will serve as Suzuki's global production base for electric vehicles (EVs), exporting to over 100 countries, including advanced markets in Japan and Europe, which is aligned with India's vision of becoming a global aut ...Read More >
Indian markets saw gains on Friday. Britannia Industries is focusing on localized strategies. Hyundai aims for growth through domestic sales and exports. Alembic Pharma received US FDA EIR. Diamond Power secured a Rs 236 crore order from Adani Energy. GMR Airports reported a passenger traffic decline. RailTel received a Rs 209 crore order. Markets extended their winning streak on Friday, gaining nearly half a percent, in line with favorable global and domestic cues. In today's trade, shares of G ...Read More >
Patna: The Congress on Monday accused Adani Power Limited of receiving undue benefits from the Centre and the Bihar government for setting up a thermal power plant in Bhagalpur district. Addressing a press conference in New Delhi, Congress media and publicity department chairman Pawan Khera alleged that 1,050 acres of land and around 10 lakh trees at Pirpainti in Bhagalpur have been handed over to the Gautam Adani-led company for 33 years at a nominal rate of Rs 1 per year. Khera claimed that farmers in the district were coerced and threatened to part with their land for the 2,400 MW thermal ...Read More >
Ahmedabad, July 6 (SocialNews.XYZ) Adani Enterprises Limited (AEL) on Sunday announced the launch of its second public issuance of secured, rated and listed redeemable, non-convertible debentures (NCD) worth Rs 1,000 crore. The issue opens on July 9 and closes on July 22 (with an option of early closure or extension), offering up to 9.30 per cent per annum. The NCDs have a face value of Rs 1,000 each. Each application will be for a minimum of 10 NCDs and in multiples of 1 NCD thereafter. The minimum application size would be Rs 10,000. The NCDs offer competitive yields compared to similarly ...Read More >
Mumbai, June 8 (SocialNews.XYZ) On her milestone 50th birthday, Shilpa Shetty took a heartfelt moment to reflect on her incredible journey and the defining stories that have shaped her both personally and professionally. Celebrating decades of success and growth, she shared insights into the experiences that made her the strong and inspiring woman she is today. Taking to Instagram, she posted a video of her transformation over the years and wrote, "Grateful for my journey and the stories that made me and the ones still on my way. Thank you for all your love and wishes Instafam. #Gratitude #lo ...Read More >
New Delhi, Apr 1 (PTI) Railway Ministry on Wednesday said that a record 1,670 million tonnes of cargo and 741 crore passengers were transported in the financial year 2025-26, registering over 3 per cent annual growth in both sectors. The cargo transport saw an increase of 3.25 per cent, while the passengers sector rose by 3.54 per cent, it said. The total number of passengers carried rose to 741 crore in 2025-26, as compared to 716 crore in 2024-25, reflecting sustained growth in rail usage across the country, the ministry said in a press note. "Correspondingly, total revenue reached approx ...Read More >
Ahmedabad (Gujarat) [India], July 8 (ANI): Adani Power, India's leading private thermal power producer, successfully completed the acquisition and resolution plan implementation of Vidarbha Industries Power Ltd. (VIPL) for an aggregate consideration of Rs 4,000 crore, as per the official statement by the company. The company stated on Tuesday that VIPL is a 2x300 MW domestic coal-fired power plant located in Butibori, Nagpur district, Maharashtra. VIPL was undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC). Also Read | US: Man Arrested fo ...Read More >
Patna: Four private power companies that included Adani Power, JSW Energy, Torrent Power and Bajaj Energy's Lalitpur Power have shown interest in setting up a 3x800 MW thermal power plant at Pirpainti, Bhagalpur in Bihar. It will be the largest private sector investment in power sector in Bihar with a whopping investment of approx. Rs 28,000 crore rupees for the project. Under the project, three plants- one each of 800 MW capacity totalling 2400 MW- will be set up at Pirpainti as part of the Tariff Based Competitive Bidding (TBCB) process for which Bihar State Power Generation Company Limite ...Read More >
Ahmedabad (Gujarat) [India], July 8 (ANI): Adani Power, India's leading private thermal power producer, successfully completed the acquisition and resolution plan implementation of Vidarbha Industries Power Ltd. (VIPL) for an aggregate consideration of Rs 4,000 crore, as per the official statement by the company. The company stated on Tuesday that VIPL is a 2x300 MW domestic coal-fired power plant located in Butibori, Nagpur district, Maharashtra. VIPL was undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC). On June 18, 2025, the Hon'ble M ...Read More >
Sambhal (UP), Jul 15 (PTI) Four people, including three women, have been arrested for allegedly posting obscene videos to gain popularity on social media in Uttar Pradesh's Sambhal on Tuesday. Police received information about some women allegedly posting obscene and abusive videos on Instagram in the Asmoli police station area, and an FIR was registered in this connection on Monday, said Superintendent of Police (SP) Krishan Kumar. The accused, identified as Mehrul Nisha alias Pari, Mehak, Hina and Zarrar Alam (all aged around 25 years), used to make vulgar videos with abusive language to g ...Read More >
The report highlighted that the group has taken substantial measures to strengthen its financial position and operational efficiency over the last two years. One of the notable developments is the dramatic reduction in share pledges across the group's companies over the last 1.5 years. For instance, share pledges in Adani Power have dropped from 25 per cent to 1 per cent, and for Adani Ports, from 17 per cent to nil. It said "the evolution of share pledges for the group there has been a dramatic drop across companies- this is one area where group has taken significant action over the last 1. ...Read More >
The diplomacy in a fast-paced world revolves around the law of conservation of power. By power here I mean sources of energy which can drive moving objects at their utmost speeds. In the last 100 years, fossil fuels have changed the face of the Arab World. Now that the world is moving away from fossil fuels, there is a renewed competition to grab the first movers advantage. This intense competition will see diplomacy at its absolute ruthlessness, business wars in extreme forms, and manhandling of the legal system. With their intentions clearly made out, the so-called first world has hit India ...Read More >
New Delhi: In a major development, the shares of Adani Power rose nearly 3 percent in opening trade on Tuesday. This comes after Adani Group's power arm managed to successfully complete the acquisition and implementation of the resolution plan of Vidarbha Industries Power Ltd (VIPL). According to the company, the acquisition was completed for Rs 4000 crore. It is important to note that the acquired asset, a 2×300 MW domestic coal-based power plant, is located in Butibori, Nagpur district, Maharashtra. Adani Power shares rose by as much as 2.56% to Rs 612 on the BSE, while its market capitalis ...Read More >
Ahmedabad (Gujarat) [India], September 13 (ANI): Adani Power Ltd. (APL), India's largest private sector thermal power generator, today said it has signed a 25-year Power Supply Agreement (PSA) with Bihar State Power Generation Company Ltd. (BSPGCL) for supply of 2,400 MW of power from a greenfield ultra super critical plant to be set up at Pirpainti in Bhagalpur district of Bihar. This is further to the LoA awarded by BSPGCL to APL, on behalf of North Bihar Power Distribution Company Ltd. (NBPDCL) and South Bihar Power Distribution Company Ltd. (SBPDCL) in August. Also Read | Regenerative Or ...Read More >
Mumbai, Oct 31 (SocialNews.XYZ) Actress Deepika Padukone, who has been a strong advocate for mental health awareness, reacted to cricketer Jemimah Rodrigues' recent revelation about battling anxiety. The 'Om Shanti Om' actress, known for openly sharing her own struggles with depression in the past, praised Jemimah for her honesty and courage in speaking up, highlighting the importance of conversations around mental well-being in sports and beyond. Taking to her Instagram Stories, Deepika Padukone reshared a video of cricketer Jemimah Rodrigues, in which the athlete opened up about her struggl ...Read More >
The Adani Group reported record earnings for the financial year ending March 2025, with consolidated Ebitda reaching ₹89,806 crore, driven by continued expansion in core infrastructure sectors and higher operating cash flows across its portfolio. The Group's Ebitda was up 8.2 per cent compared to ₹82,976 crore reported in FY24 by the group listed companies, the Group said in a media statement. The conglomerate, with interests ranging from energy and logistics to cement and mining, also repor ...Read More >
Sukhvinder Singh Sukhu on Monday campaigned across parts of Assam in support of Congress candidates for the assembly polls, assuring that the suspicious death of noted singer Zubeen Garg, 52, would be thoroughly investigated and justice delivered within 100 days of the govt being formed.Sukhu said the people of Assam were dissatisfied with the handling of Garg's death. Garg died on Sept 19 last year while swimming near Lazarus Island in Singapore. Singapore authorities termed it an accidental dro ...Read More >
NEW DELHI: India on Monday set in motion steps to end decades of state control over nuclear power, by introducing a bill in parliament that would allow private firms to build and operate plants as the government seeks to make atomic energy central to its clean energy push. Foreign companies in a joint venture with Indian companies could apply for a licence if selected to do so by the government. India's nuclear sector has been tightly guarded since its first reactor went online in 1969, shaped by Cold War politics and fuel-technology restrictions after its 1974 nuclear test. State-run Nucle ...Read More >
NEW DELHI: Adani Power Ltd. (APL) on Tuesday announced successfully completing the acquisition and resolution plan implementation of Vidarbha Industries Power Ltd. (VIPL) for a total consideration of ₹4,000 crore. VIPL operates a 2×300 MW domestic coal-fired power plant located in Butibori, Nagpur district, Maharashtra. VIPL was undergoing the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC). The company, in a press note said that on June 18, 2025, the Mumbai Bench of the National Company Law Tribunal (NCLT) approved Adani Power's resolution plan, ...Read More >
The Adani Group has significantly increased its reliance on Indian lenders, with domestic banks and financial institutions now responsible for half of its staggering debt, which exceeds Rs 2.6 lakh crore, The Times of India reported on August 25. This marks a notable rise from 40% just a year ago, as the conglomerate navigates a changing financial landscape characterised by lower local funding costs and improved credit ratings, ToI's report (by Mayur Shetty) said. In the twelve months leading up ...Read More >
Patna: In a major development, Adani Power Ltd, India's largest private-sector thermal power generator, on Friday received a Letter of Intent from Bihar State Power Generation Company Ltd. The LOI was issued for setting up a 2,400-megawatt plant in Pirpainti. As per reports, the Adani Group company has signed a 25-year power supply agreement with the BSPGCL. Now, Adani Power will generate electricity from the upcoming greenfield ultra supercritical thermal power plant to fulfil the state's energy requirements. The initiative, structured on a build, finance, own, and operate model, will inclu ...Read More >
Power Ltd. (APL), India's largest private sector thermal power generator, today said it has signed a 25-year Power Supply Agreement (PSA) with Bihar State Power Generation Company Ltd. (BSPGCL) for supply of 2,400 MW of power from a greenfield ultra super critical plant to be set up at Pirpainti in Bhagalpur district of Bihar. AdPower Ltd. (APL), India's largest private sector thermal power generator, today said it has signed a 25-year Power Supply Agreement (PSA) with Bihar State Power Generati ...Read More >